Hibbett (NASDAQ:HIBB) Receives “Neutral” Rating from Robert W. Baird

Robert W. Baird restated their neutral rating on shares of Hibbett (NASDAQ:HIBB) in a report published on Friday morning, Benzinga reports. The brokerage currently has a $87.50 price target on the stock, up from their previous price target of $80.00.

Several other research firms have also weighed in on HIBB. Benchmark reaffirmed a hold rating on shares of Hibbett in a report on Wednesday. Telsey Advisory Group raised their price objective on shares of Hibbett from $74.00 to $87.50 and gave the stock a market perform rating in a report on Tuesday. B. Riley increased their price target on shares of Hibbett from $70.00 to $87.50 and gave the company a neutral rating in a research note on Wednesday. Williams Trading reissued a hold rating and set a $73.00 price target on shares of Hibbett in a research note on Monday, March 18th. Finally, Monness Crespi & Hardt reissued a neutral rating on shares of Hibbett in a research note on Tuesday. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $76.79.

Hibbett Trading Up 0.1 %

Shares of HIBB opened at $86.15 on Friday. The stock’s fifty day simple moving average is $75.17 and its 200 day simple moving average is $66.19. Hibbett has a twelve month low of $34.86 and a twelve month high of $86.70. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 1.41 and a beta of 1.75.

Hibbett (NASDAQ:HIBB) last released its quarterly earnings results on Friday, March 15th. The company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.01. The company had revenue of $466.60 million during the quarter, compared to analysts’ expectations of $477.42 million. Hibbett had a net margin of 5.97% and a return on equity of 25.72%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.91 earnings per share. Sell-side analysts predict that Hibbett will post 8.19 earnings per share for the current year.

Hibbett Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 2nd. Investors of record on Thursday, March 21st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Wednesday, March 20th. Hibbett’s payout ratio is 12.21%.

Institutional Trading of Hibbett

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in Hibbett in the 3rd quarter valued at about $286,000. Maryland State Retirement & Pension System bought a new stake in Hibbett in the 3rd quarter valued at about $223,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Hibbett by 80.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,699 shares of the company’s stock valued at $176,000 after purchasing an additional 1,654 shares during the period. TD Asset Management Inc bought a new stake in Hibbett in the 3rd quarter valued at about $356,000. Finally, Kendall Capital Management bought a new stake in Hibbett in the 3rd quarter valued at about $200,000. Institutional investors own 94.08% of the company’s stock.

About Hibbett

Hibbett, Inc together with its subsidiaries, engages in the retail of athletic-inspired fashion products in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. The company operates Hibbett stores, City Gear stores, and Sports Additions athletic shoe stores.